Key Takeaway:
- Borrow against natively staked SOL without moving assets from custody.
- Atlas integrates with Kamino; Anchorage manages LTV, margining, and liquidations.
- Collateral remains in segregated Anchorage Digital Bank accounts, preserving audit trails.
Anchorage Digital has enabled institutions to borrow against natively staked Solana (SOL) without moving assets out of custody, by integrating its Atlas collateral management platform with Kamino, according to Cointelegraph. Under this setup, SOL pledged as collateral remains in segregated accounts at Anchorage Digital Bank, a federally chartered crypto bank. Anchorage manages loan-to-value thresholds, margining, and, if required, liquidations while interfacing with on-chain liquidity. The approach keeps operational control and audit trails within qualified custodial infrastructure.
Institutional treasuries can retain roughly 7% staking yield on SOL and access on-chain liquidity while keeping collateral in qualified custody, as reported by StockTitan. Maintaining staking rewards within custody can improve treasury efficiency without sacrificing controls. The model is aimed at regulated entities that cannot move assets into unaudited smart contracts. It is unrelated to Anchor Protocol, which operates on a different chain and design.
Solana Company, Anchorage, and Kamino operate as a tri-party arrangement that enables borrowing against staked SOL held in custody, as per SQ Magazine. Anchorage serves as custodian and collateral manager; Kamino is the Solana-based lending venue executing loans; Solana provides the underlying network for staking and settlement. Assets stay at Anchorage, with Atlas monitoring collateral and triggering margin actions when thresholds are breached. Liquidations, if necessary, follow predefined controls while minimizing on-chain exposure for the borrower.
From a compliance perspective, keeping collateral in bank custody supports qualified-custody mandates and clearer auditability. The structure reduces the historical barrier of depositing institutional assets directly into smart contracts, though smart-contract and counterparty risks are not eliminated. Regulatory definitions for DeFi oversight remain in flux, so institutions may still face evolving requirements. Eligibility, specific loan terms, and asset scope have not been publicly detailed.
“Anchorage Financing has resolved the false choice between security and access to leverage,” said Diogo Mónica, Co-Founder and President at Anchorage Digital, in a related announcement.
At the time of this writing, Solana (SOL) traded around $85.52 with very high recent volatility. This information is presented for context and does not imply any outlook.
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